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Supplier-buyer models for the bargaining process over a long-term replenishment contract

Title
Supplier-buyer models for the bargaining process over a long-term replenishment contract
Author
김종수
Keywords
supplier-buyer model; game theory; replenishment contract
Issue Date
2006-10
Publisher
PERGAMON-ELSEVIER SCIENCE LTD
Citation
COMPUTERS & INDUSTRIAL ENGINEERING, v. 51, No. 2, Page. 219-228
Abstract
This paper presents supplier-buyer models to describe the bargaining process between a supplier and a buyer over a long-term replenishment contract. Two different models are developed: one for the situation where the supplier has a superior bargaining power over the buyer, and the other for the reverse situation. For each model, a method is derived to find the best strategy of each agent via analysis based on a game-theoretic approach. The solution found by the method is verified to be the Nash Equilibrium of each model. The system costs of the models are compared to determine the economic implications of the results. (c) 2006 Elsevier Ltd. All rights reserved.
URI
https://www.sciencedirect.com/science/article/pii/S0360835206000891http://repository.hanyang.ac.kr/handle/20.500.11754/108863
ISSN
0360-8352; 1879-0550
DOI
10.1016/j.cie.2006.02.004
Appears in Collections:
COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > INDUSTRIAL AND MANAGEMENT ENGINEERING(산업경영공학과) > Articles
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